All the headlines from our Property Topic Page, ordered by recency.
Apr 29 2008 // U.S. property/casualty insurers are expected to pay homeowners and businesses an estimated $3.35 billion for first-quarter property losses resulting from nine catastrophes.The nine events identified as catastrophes by the...
Apr 23 2008 // With green building construction starts expected to increase 400 percent in the next two years according to construction experts, Liberty Mutual Property, part of Liberty Mutual Group, has introduced a collection of...
Apr 23 2008 // Liberty Mutual Group has agreed to acquire all outstanding shares of common stock of Safeco Corp. for $68.25 per share in cash in a deal that will make Liberty Mutual the fifth largest U.S. property/casualty insurer and...
Apr 22 2008 // A new state-of-the-art applied research facility will use science and technology to expand capabilities to create more durable homes and businesses and reduce the human, financial and societal costs of natural...
Apr 21 2008 // Louisiana and Texas share a lot. Besides sharing a common border, they share the Gulf of Mexico — both its bounty and its battering, in the form of tropical storms and hurricanes. The latter greatly influences the rates...
Apr 21 2008 // Finding the flood exclusion in an insurance policy sold by Lafayette Insurance Company to a New Orleans policyholder is unambiguous, the Louisiana Supreme Court reversed, in part, a previous ruling by a state appeals court...
Apr 21 2008 // Evanston Insurance Co. v. Atofina Petrochemicals Inc., Texas Feb. 15, 2008. Contract provision requiring that refinery “shall be named as additional insured” sufficient to trigger additional insured coverage...
Apr 21 2008 // American International Group, Inc. has renamed its Domestic General Insurance operations the AIG Property Casualty Group, a move the company said reflects AIG’s corporate brand and an intention to provide a clearer...
Apr 21 2008 // Insurance Journal‘s Editor-in-Chief Andrea Wells interviewed Robert Rusbuldt, CEO and president of the Independent Insurance Agents and Brokers of America (the Big “I”), at the Big “I”...
Apr 21 2008 // About This Report: The soft market had its effect on this year’s Top 100. But despite challenging soft market conditions, 15 of the privately-owned agencies and brokerages on Insurance Journal‘s Top 100...
Apr 16 2008 // Pricing is projected to be favorable for traditional property catastrophe reinsurance programs when insurers seek mid-year renewals, according to an analysis conducted by Aon Re Global, a unit of the Aon...
Apr 16 2008 // After deliberating for three hours, a jury in California has denied an insurance claim because the property damaged was exaggerated, according to the law firm MacGregor & Berthel.Reddy v. Allstate Insurance Co....
Apr 16 2008 // Legislation designed to modernize the federal Liability Risk Retention Act (LRRA) of 1986 was introduced into Congress yesterday.H.R. 5792, or the “Increasing Insurance Coverage Options for Consumers Act of...
Apr 16 2008 // As insurers and other interested parties criticized a Florida property insurance bill that passed through the state Senate this week on a 32-7 vote, Florida’s insurance commissioner lauded the action.Sponsored by...
Apr 14 2008 // Union General Insurance Services Inc. of Concord, Calif., has an “A+” rated carrier offering package coverage, general liability and property for vacant properties. Coverage is available for all types of...
Apr 8 2008 // Florida-based Privilege Underwriters Reciprocal Exchange (PURE) plans to expand into the Florida Panhandle, according to Ross Buchmueller, president and chief executive officer, PURE Risk Management LLC .PURE will offer...
Apr 7 2008 // Insurance giant American International Group, Inc. has renamed its Domestic General Insurance operations the AIG Property Casualty Group, a move the company says reflects the increasing power of AIG’s corporate brand...
Apr 7 2008 // Greenhouse gases (GHGs) have gotten a bad rap, according to Mark C. Bove, senior research meteorologist, catastrophic risk management for Munich Reinsurance America. Speaking on a panel about climate change at the...
Apr 3 2008 // Ohio Casualty, a Liberty Mutual Agency Markets regional company, today announced the introduction of Custom Protector, a commercial lines product that offers more built-in coverages with significantly expanded...
Apr 1 2008 // Atlanta-based Atlantic American Corp. sold its regional property and casualty operations to Columbia Mutual Insurance Co. of Columbia, Mo.Included in the sale are Association Casualty Insurance Co,, Association Risk...